Lease vs Buy a Honda in Tulsa OK

lease vs buy a honda in tulsa ok

Deciding Whether to Lease or Buy a Honda?

Shopping for a new car is exciting, and we know that it’s a big financial decision in your life. But buying is not just the only option to drive your new favorite car, if you consider leasing it. While leasing can be expensive on the long run, it might be a great choice for you depending on your preferences.

There are few important factors to consider while deciding whether to lease or buy a car from South Pointe Honda.

Comparing Leasing v. Buying From South Pointe Honda

South Pointe Honda has some incredible car leasing deals and specials on a variety of top-selling Honda models. We know that it can be daunting for customers like you to compare, learn, and decide. That’s why we have a list of side-to-side comparisons with details on benefits, differences, and specials which may help you to make a wise decision.

Buying vs Leasing Comparison

BuyingLeasing
You Own It – Yes, when you buy a car and pay off the loan amount, the vehicle is all yoursDrive New Ones Every Year -Leasing, on the other hand, gives you the option to select new models, possibly every time your lease term is over. Sounds exciting, isn’t it?
Infinite Mileage – When you are buying a car, you don’t have a mileage limitMileage Limits – Every car lease comes with a limited to fixed mileage limit
Repair Cost – As you are the vehicle owner, you pay for the maintenance and repair costWarranty Maintenance – Car leasing package comes with a warranty, which covers most repair and maintenance costs
No Contract – Want your car tires or headlights changed? You can always modify it without the fear of breaking the contractContract – Car lease deals comes with a contract / agreement

Now that you know the differences between buying and leasing, let’s look at some important factors that you should consider before talking to South Pointe Honda representative for your next car purchase or leasing.



Other Factors to Consider in Buying vs Leasing A Honda Car or SUV


Overall Costs

  • Monthly Cost The cost associated with your monthly payment, insurance and other costs is one major factor to consider while choosing between buying vs. leasing a vehicle. If as a customer, your aim is to get the lowest monthly payment, then you may want to choose the leasing option. Typically, car lease packages have low-monthly payments, which certainly helps in balancing your budgets. In contrast to that, buying a car is associated with a loan payment unless you choose to pay off the entire car price all at once.
  • Insurance Cost Insurance payments are another cost factor that you may want to consider. Leasing option may require you to get more coverage based on the leasing dealers’ standards. Most of the time, car dealers offer lease deals with insurance and a set of listed mandatory coverage. While insurance standards may vary depending on the Honda leasing option you select, they usually include all basic coverages. You can always speak with your Honda leasing dealer to see if the agreement can include gap insurance and some other benefits at no additional cost.
  • Down Payments Another important factor to consider while deciding to lease or buy is the down payment. If you buy a car, you may have to pay a hefty down payment upfront depending on your credit score or the loan term you select. Leasing, on the other hand, doesn’t require you to make a huge down payment. It is certainly a cost-effective alternative.

Depreciation

When you own a vehicle, you don’t usually follow a mileage limit. This means the value for your vehicle gradually depreciates. In contrary, car or truck lease deals always have a mileage limit. This means you pay extra when you go over the mileage limit.

Warranty

When you lease, your car remains covered under the warranty. Because some Honda leasing deals include basic maintenance costs, you are only responsible for the gas and insurance costs.

Flexibility

While some buyers find leasing deals very flexible, many buyers love vehicle ownership because of the gradual ownership benefit. Lease deals can be very appealing too, especially for those looking forward to drive swanky and new Honda models every year. Apparently, it depends on the customers’ preferences to select car leasing or buying.

What Lease Deals Can South Pointe Honda Offer You?

Whether you are looking for truck lease deals or want to lease a Honda Accord sedan, South Pointe Honda offers some incredible Honda leasing specials for you. Some of their deals include down payments with no security deposits, featured special lease deals on selected Honda models and many more benefits.

Bottom Line

As with any such financial step, it’s you who needs to take the decision. And when you are certain whether to select lease deals or go with the car buying option, our experts at South Pointe Honda are going to assist you in every step. Our sales team will guide you and help you with your Honda leasing or buying journey, so you have an amiable experience in owning or leasing a vehicle from our showroom.

Visit our lease specials page to learn more about our lease deals, truck lease deals and other Honda leasing choices. When you are ready, give us a call at (866) 887-9233, and an expert from our team will be of assistance.



dealerrater

Excellent customer services! It was my first purchase at Honda dealer and it was great! Very professional sales consultant and great attention from the finance department. 100% recommended!

ROSIDETH BOLIVAR

dealerrater

Best experience I've ever had buying a new car. Great sales staff and got the best price for my trade in and new car.

mdavis

dealerrater

Why go anywhere else? Our Saleslady was amazing, not pushy, knowledgeable about all aspects of your vehicles and was very proud of her Honda's reputations and safety ratings. If you want a smooth and ...

RicknKathy Thompson

dealerrater

Best car buying experience since the first car I ever bought. It was well worth the hour and a half drive for me. Will for sure come back again! Thank you Oscar, Steve and Anthony!

David F

google

Hello, Custmer service is an A + at South Pointe Honda, Tulsa Oklahoma. I have not often experienced the above and beyond service and expertise on the repairs to my Honda in the past as with South Poi...

Ruth Gerstner

google

Best car buying experience since the first car I ever bought. It was well worth the hour and a half drive for me. Will for sure come back again! Thank you Oscar, Steve and Anthony!

David Fonseca

google

Just bought my car here and received help from Adam, Austin and Will! Employees are wonderful... and I believe having wonderful employees help seal the deal! Austin helped us out and everything went s...

Mai Yang

dealerrater

We have a excellent experience with Ariel she is amazing, we enjoy the drive test and every single step. Everyone were friendly and helpful and they make the process very nice!

Blanca Garcia

google

This was by far the best car buying experience I have ever had. Ask if Joel is available! He was able to get me into the exact car I was looking for. He gave me a great trade-in value for my previous ...

Leslie Foster

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Rick was really personable and down to earth. Straight forward and helpful. He and the manager worked with us to make sure we got what we wanted for a fair price, and even gave us a sweet loaner to dr...

Bailey Coultas